Wednesday, 23 May 2012

Study: Industries don't grasp IT risks

A study reveals that top corporate executives are unaware of the cyber risks associated to their organisations. The report “How Boards & Senior Executives are Managing Cyber Risks” by Carnegie Mellon, cyber-security researchers, found that although the situation has improved in the last four years, there is still a lack of understanding about the IT risks involved in overall enterprise risk management.

The study also reveals that the financial sector has better privacy and security practices in place, compared to other sectors.

The study is based on responses from 108 executives and board members from Forbes Global 2000 companies. Three quarters of this year’s surveyed are from critical infrastructure companies.